Yelp (YELP) is Initiated by Guggenheim to Neutral

Yelp (YELP) is Initiated by Guggenheim to Neutral , according to the research report released to the investors. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of Yelp Inc. (NYSE:YELP) ended Thursday session in red amid volatile trading. The shares closed down 0.61 points or 2.18% at $27.42 with 1,483,926 shares getting traded. Post opening the session at $28.14, the shares hit an intraday low of $27.19 and an intraday high of $28.32 and the price vacillated in this range throughout the day. The company has a market cap of $2,070 million and the number of outstanding shares has been calculated to be 75,476,817 shares. The 52-week high of Yelp Inc. (NYSE:YELP) is $57.7 and the 52-week low is $20.5.

During the last several months other analysts have commented on the company rating. RBC Capital upgrades their rating on the shares of Yelp Inc. (NYSE:YELP). The current rating of the shares is Outperform. Earlier, the shares were rated a Sector Perform by the brokerage firm. The rating by the firm was issued on November 13, 2015.

As many as 28 brokerage firms have rated Yelp Inc. (NYSE:YELP) at 2.61. Research Analysts at Zacks have ranked the company at 3, suggesting the traders with a rating of hold for the short term. 1 rated the company as strong sell. Sell was recommended by 1 analysts. The stock garnered a place in the hold list of 18 stock Analysts. 2 analysts suggested buying the company. 6 analysts rated the company as a strong buy.

Yelp Inc. (NYSE:YELP): 17 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $30.09 in Yelp Inc. (NYSE:YELP). However, the stock price could fluctuate by $ 8.94 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $45 price target with the lower price estimate is calculated at $18

Yelp Inc. has lost 11.06% in the last five trading days and dropped 0.44% in the last 4 weeks. Yelp Inc. is up 10.79% in the last 3-month period. Year-to-Date the stock performance stands at -49.9%.”

Yelp Inc. connects people with great local businesses. Its users have contributed a total of approximately 36.0 million cumulative reviews of almost every type of local business, from restaurants, boutiques and salons to dentists, mechanics and plumbers. Its platform provides local businesses with a range of free and paid services, which help them to engage with consumers at moment when they are deciding where to spend their money. The Company generates revenue from local advertising, brand advertising and other services. Its products portfolio includes local business, national/brand advertisers and transaction partners. As of December 31, 2012, the Company was active in 53 Yelp markets in the United States and 44 Yelp markets internationally. Effective July 18, 2013, Yelp Inc acquired SeatMe Inc, which is a developer of restaurant and nightlife categories reservation applications.